Australia looks to boost trade with India after relations with China sour
Australia’s escalating tensions with Beijing have shown up its reliance on China trade and propelled a push to increase links with Asia’s other giant economy, India.
Trade & Economy
Palestinian areas in bilateral economic engagements: Economy Minister
The minister estimated that between US$300 million and US$550 million worth businesses will emerge as part of the deal.
Saudi-India Business Network launched testifying growing India-Saudi commercial ties
Ambassador Sayeed explained that the expansion of the network was a necessity and long overdue as the economic relations between the two friendly nation’s have grown multifold and the bilateral commercial activities have spread across the kingdom.
Australia, India, Japan plan supply chain resilience circumventing China
The three countries will launch a new initiative to achieve supply chain resilience in the region
India’s GDP to decline by 10 per cent in FY21, say experts
Most ratings agencies and economists had projected contraction in India’s GDP for the first quarter of 2020-21.
Saudi Aramco suspend $10 billion Investments for Chinese refinery
By IAR Review Saudi Arabia’s state oil company has suspended a deal to build a
Indian Forex reserves climb $11.9 billion to all-time high of $534.5 billion
While announcing the monetary policy on Thursday, Reserve Bank of India Governor Shaktikanta Das said the reserves at USD 534.6 billion are equivalent to 13.4 months of imports.
AIIB disburses $6 billion of promised $10 billion for Covid-19 treatment
AIIB’s special program “Recovery from the COVID-19 Crisis” has a budget of $10 billion
Rothschild bullish on India, expects to close more deals in second half of 2020
According to Aalok Shah, managing director of Rothschild & Co in India, the bank had a reasonably good first half as it completed three large deals — the USD 490-million Piramal-Carlyle deal, USD 900-million Edelwiess-Engie deal, and TVS’ buyout of British bike company Norton Motorcycles.
China among top 10 investors in Turkey’s real estate
Chinese interest in the residential real estate sector in Turkey and Europe increased recently after the start of China’s Belt and Road Initiative (BRI).